Quarterly ResultAug 5, 2026, 04:54 PM
Service Properties Trust Q2 Net Loss $223.8M; FFO $0.43/Share
AI Summary
Service Properties Trust announced its second quarter 2026 financial results, reporting a net loss of $223.8 million, or $1.75 per common share, which includes a $189.1 million loss on asset impairment. Normalized FFO was $0.43 per share and Adjusted EBITDAre reached $145.8 million. The company highlighted operational improvements with net lease NOI up 1.4% and Retained Hotels RevPAR up 6.6%. SVC also advanced its capital recycling strategy by selling 20 properties for $31.6 million and redeemed $550 million in senior notes following a successful common share offering.
Key Highlights
- Net loss of $223.8 million, or $1.75 per common share, for Q2 2026.
- Normalized FFO of $55.0 million, or $0.43 per common share.
- Adjusted EBITDAre of $145.8 million for the second quarter.
- Net lease NOI increased by 1.4% year over year to $94.9 million.
- Retained Hotels RevPAR increased 6.6% year over year to $134.53.
- Sold 20 properties for approximately $31.6 million since Q2 2026 start.
- Redeemed $550 million of senior notes using common share offering proceeds.
- Raised $541.8 million net proceeds from common share offering.
Price Impact
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